Strategic Planning Group LLC Raises Position in U.S. Bancorp (NYSE:USB)

Strategic Planning Group LLC lifted its stake in U.S. Bancorp (NYSE:USB) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 98,174 shares of the financial services provider’s stock after purchasing an additional 2,441 shares during the quarter. Strategic Planning Group LLC’s holdings in U.S. Bancorp were worth $4,696,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Swedbank AB raised its stake in shares of U.S. Bancorp by 2.4% in the fourth quarter. Swedbank AB now owns 554,489 shares of the financial services provider’s stock valued at $26,521,000 after acquiring an additional 13,223 shares during the period. Strategic Blueprint LLC grew its holdings in U.S. Bancorp by 5.2% during the 4th quarter. Strategic Blueprint LLC now owns 4,611 shares of the financial services provider’s stock valued at $221,000 after purchasing an additional 226 shares during the last quarter. Forsta AP Fonden raised its position in U.S. Bancorp by 1.2% in the 4th quarter. Forsta AP Fonden now owns 331,000 shares of the financial services provider’s stock worth $15,832,000 after purchasing an additional 3,900 shares during the period. Nvest Financial LLC bought a new stake in U.S. Bancorp in the fourth quarter worth about $336,000. Finally, Foster Victor Wealth Advisors LLC purchased a new position in shares of U.S. Bancorp during the fourth quarter valued at approximately $9,091,000. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on USB. Oppenheimer raised their price target on U.S. Bancorp from $62.00 to $63.00 and gave the stock an “outperform” rating in a research note on Friday, January 17th. Raymond James upgraded shares of U.S. Bancorp from a “market perform” rating to an “outperform” rating and set a $57.00 price target on the stock in a report on Thursday, December 19th. Evercore ISI lifted their price objective on shares of U.S. Bancorp from $51.00 to $54.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Wells Fargo & Company raised their target price on shares of U.S. Bancorp from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Finally, Stephens increased their price objective on U.S. Bancorp from $49.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $54.21.

U.S. Bancorp Trading Down 1.6 %

U.S. Bancorp stock opened at $47.65 on Thursday. U.S. Bancorp has a one year low of $37.81 and a one year high of $53.98. The stock has a market cap of $74.34 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 1.81 and a beta of 1.05. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.80 and a current ratio of 0.81. The stock has a 50-day moving average of $49.93 and a two-hundred day moving average of $47.30.

U.S. Bancorp (NYSE:USB) last released its earnings results on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The company had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $7 billion. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. U.S. Bancorp’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the business earned $0.99 EPS. On average, research analysts anticipate that U.S. Bancorp will post 4.37 EPS for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.20%. The ex-dividend date was Tuesday, December 31st. U.S. Bancorp’s dividend payout ratio (DPR) is currently 52.77%.

U.S. Bancorp Profile

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.